King Charles-themed bank notes will enter circulation in the middle of 2024, gradually replacing the ones featuring his mother Queen Elizabeth. Upon Queen Elizabeth’s death in September, Charles succeeded her as king.
There is a portrait of Charles on the front of the new polymer five-, ten-, twenty-, and fifty-pound notes, along with a cameo of him in their see-through security windows. Otherwise, the new notes remain unchanged from their existing designs.
“This is a historic moment, as The King is only the second monarch to appear on our banknotes.” BoE Governor Andrew Bailey said.
British banknotes first featured Queen Elizabeth in 1960, in contrast with British coins featuring images of the country’s rulers for centuries.
“To minimize the environmental and financial impacts of this change, new banknotes will only be issued to replace worn banknotes and to meet any increases in demand,” the Bank of England noted.
Charles’s profile appears on the first coins issued by Britain’s Royal Mint on Dec. 8.